Stellus Capital Investment Corporation (NYSE:SCM) Declares Monthly Dividend of $0.08

Stellus Capital Investment Corporation (NYSE:SCM) announced a monthly dividend on Thursday, July 16th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.0833 per share by the investment management company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend is Monday, August 31st.

Stellus Capital Investment has increased its dividend payment by an average of 0.1%annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 107.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Stellus Capital Investment to earn $1.03 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 132.0%.

Stellus Capital Investment Price Performance

NYSE:SCM opened at $8.42 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $243.76 million, a price-to-earnings ratio of 10.27 and a beta of 0.64. The company has a 50 day moving average price of $8.74 and a 200-day moving average price of $10.09. Stellus Capital Investment has a 1-year low of $7.78 and a 1-year high of $15.39.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Monday, May 11th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Stellus Capital Investment had a net margin of 23.59% and a return on equity of 9.69%. The firm had revenue of $17.45 million during the quarter, compared to analysts’ expectations of $24.80 million. Equities research analysts forecast that Stellus Capital Investment will post 1.06 EPS for the current year.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.